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Property Rates in Matunga East, Mumbai

Comprehensive Market Snapshot

Matunga East in Mumbai presents a dynamic real estate landscape, marked by a current asking price of ₹48,987 per sq ft. Official registrations reflect a rate of ₹33,445 per sq ft, indicating active transaction volumes. For investors, the rental market shows an average rate of ₹144 per sq ft, delivering a healthy rental yield of 3.53%. This vibrant locality offers a blend of ready-to-move and developing properties, catering to diverse buyer needs.<ul><li>Apartments in Matunga East are currently listed at an average of ₹48,987 per sq ft, with a 0.62% increase.</li><li>The Ready To Move segment dominates with 76 units available, averaging ₹39,399 per sq ft.</li><li>Top projects by listing rates include Godrej Five Gardens at ₹70,387 per sq ft and Rustomjee La Sonrisa at ₹60,321 per sq ft.</li><li>The average rental rate for a 2 BHK apartment stands at ₹1.26 Lakh per month, while 3 BHKs command ₹2.55 Lakh per month.</li><li>Government records show 191 property registrations from Apr 25 to Mar 26, totaling ₹629 Cr in gross value.</li></ul>

  • Asking Sale Price₹ 48,987/sq.ft
  • Govt. Registration Prices₹ 33,445/sq.ft
  • Average Rental₹ 144/sq.ft
  • Insights
  • Price Trend
  • Project and Developer Insights
  • Government Registrations
  • Recent Transactions
  • Other Property Rates

Insights for Matunga East, Mumbai Real Estate Market

Matunga East, a prime locality in Mumbai, showcases a robust property market with an average asking price of ₹48,987 per sq ft, while the registered rate stands at ₹33,445 per sq ft. Over the past year, quarterly price trends have seen fluctuations, reaching a peak of ₹49,946 per sq ft in June 2025 before settling. The rental market is equally vibrant, offering an average rental rate of ₹144 per sq ft and an attractive rental yield of 3.53%, making it appealing for both residents and investors. Official government data highlights strong activity with 191 property transactions recorded between Apr 25 and Mar 26, accumulating a gross value of ₹629 Cr. Esteemed developers like Rajasthan Construction Pvt Ltd are actively contributing to the market's growth and diversity.<ul><li>The asking price for apartments in Matunga East has shown a positive change of 0.62%.</li><li>Properties in the Well Occupied status have seen a notable 14.4% increase in average price, reaching ₹41,333 per sq ft.</li><li>Matunga West records a higher average rental rate of ₹171 per sq ft compared to Matunga East's ₹144 per sq ft.</li><li>Sugee Paavan, a top project by transactions, saw an 8.13% increase in its current rate, reaching ₹50,000 per sq ft.</li><li>Antop Hill, a nearby locality, experienced a significant 14.84% increase in its average property rates, standing at ₹34,908 per sq ft.</li></ul>

Market Strengths Market Strengths
  • Matunga East commands a strong average asking price of ₹48,987 per sq ft, reflecting its premium status and desirability.
  • The locality offers a healthy rental yield of 3.53%, providing attractive returns for property investors.
  • Robust transaction activity, with 191 property registrations and a gross value of ₹629 Cr, highlights a liquid and active market.
  • A diverse range of property statuses, including Ready To Move, Under Construction, and New Launch, caters to varied buyer preferences and timelines.
  • Strong average rental rates for larger configurations, such as ₹1.26 Lakh per month for 2 BHK and ₹2.55 Lakh per month for 3 BHK, indicate high demand for family-sized homes.
  • The presence of established developers like Rajasthan Construction Pvt Ltd underscores credibility and quality in new projects.
Market Challenges Market Challenges
  • The asking price of ₹48,987 per sq ft is considerably higher than the registered rate of ₹33,445 per sq ft, suggesting a potential gap between seller expectations and actual transaction values.
  • Some projects, like Shantiniketan Apartments Matunga, saw a notable -10.68% decline in value by transactions, indicating project-specific price corrections.
  • The Ready To Move segment experienced a slight -0.52% change in average price, which may reflect a competitive market for immediate possession properties.
  • Nearby rental markets like Dadar East (-3.05%) and Antop Hill (-4.65%) have shown negative changes in average rental rates, indicating localized fluctuations.
Investment Opportunities Investment Opportunities
  • Matunga East offers a robust rental yield of 3.53%, making it attractive for investors seeking consistent returns.
  • The significant transaction volume of 191 properties totaling ₹629 Cr from Apr 25 to Mar 26 indicates strong market liquidity and buyer interest.
  • Properties in the 'Well Occupied' status have shown a substantial 14.4% increase in average price, suggesting potential for capital appreciation in established assets.
  • New Launch projects present opportunities with an average price of ₹38,575 per sq ft and a positive change of 5.54%.
  • Projects like Sugee Paavan, with an 8.13% increase in current rate by transactions, highlight specific high-performing investment avenues.
  • The high average rental rates for 2 BHK (₹1.26 Lakh per month) and 3 BHK (₹2.55 Lakh per month) apartments indicate strong demand for larger units.
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Property Price Trends in Matunga East, Mumbai

Asking Price Trends

Matunga East's property market has experienced notable price movements over the last year. Starting at ₹46,321 per sq ft in March 2025, rates peaked at ₹49,946 per sq ft in June 2025. Subsequently, the market saw a slight adjustment to ₹47,720 per sq ft by September 2025 before inching up to ₹48,686 per sq ft by December 2025, reflecting a dynamic pricing environment.

Quarter City Rate
Dec 2025 48686
Sep 2025 47720
Jun 2025 49946
Mar 2025 46321
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Price Trends by Property Type

In Matunga East, the residential market is primarily driven by apartments, which currently average an asking price of ₹48,987 per sq ft. This segment has shown a positive change of 0.62%, indicating a steady demand. Apartments remain the dominant property type, catering to a wide range of homeowners and investors in the locality.

Type Rate (₹/sq.ft) Change %
Apartment 48,987 0.62
Price Trends by Project Status

Matunga East offers a diverse property landscape across various stages of development. Ready To Move properties, with 76 units available, are priced at an average of ₹39,399 per sq ft, albeit with a slight -0.52% change, appealing to those seeking immediate possession. Under Construction projects, comprising 10 units, show a positive trend with average rates of ₹46,366 per sq ft and a 2.11% increase. Additionally, New Launch properties, with 9 units, are available at ₹38,575 per sq ft, reflecting a 5.54% rise, while Well Occupied units, though fewer at 8, have seen a significant 14.4% surge to ₹41,333 per sq ft.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 84 39,583 0.9
Under Construction 10 46,366 2.11
New Launch 9 38,575 5.54
Price Trends by Localities

Matunga East commands an average asking price of ₹48,987 per sq ft, positioning it as a premium residential hub in Mumbai. Nearby Matunga offers similar rates at ₹49,125 per sq ft, while Matunga West closely follows at ₹48,985 per sq ft. More luxurious options are found in Shivaji Park, which averages a higher ₹54,175 per sq ft, while areas like Sion East provide more accessible entry points at ₹28,588 per sq ft. This diverse pricing across neighboring localities offers a range of choices for potential buyers.

Location Rate (₹/sq.ft) Change %
Matunga 49,125 0
Matunga West 48,985 -1.1
Vsnl Colony 37,760 -
Wadala 37,433 5.7
Sion West 31,746 -
Dadar East 46,478 -2.6
Sion East 28,588 -0.3
Antop Hill 34,908 14.8
Wadala West 38,707 5.6
Shivaji Park 54,175 -4.9

Project and Developer Insights

Top Projects by Listing Rates, Transaction Count and Transaction Value

Premium residential developments in Matunga East are commanding significant asking prices, reflecting their luxury positioning and prime locations. Leading the segment, Godrej Five Gardens is priced at ₹70,387 per sq ft with a 5.88% increase, setting a high-value benchmark. Rustomjee La Sonrisa follows with ₹60,321 per sq ft, showing a 2.69% rise, while Ikebana offers properties at ₹55,759 per sq ft. These top-tier developments represent the aspirational segment of the market, showcasing robust demand for high-end living spaces.

  • Listing Rate
  • By Value
  • By Transaction
Project Name Rate (₹/sq.ft) Change %
Godrej Five Gardens 70,387 5.9
Rustomjee La Sonrisa 60,321 2.7
Ikebana 55,759 -
Alliance Legacy 55,556 54
Ekta Vistabella 55,003 -
Cmg Mont Blanc 54,272 52.3
Kalpataru Matru Ashish 53,807 -5.6
Raunak Ashirwad 51,956 9.8
Gurukul Chs Matunga 51,851 -
Happy Home Jade Solitaire 51,640 9.1
Project Name Current Price (₹/sq.ft) Sale Value Change %
Shantiniketan Apartments Matunga 37,235 ₹ 14.94 Cr -10.7
Indu Villa 35,956 ₹ 6.21 Cr -
Sugee Paavan 50,000 ₹ 5.7 Cr 8.1
Shree Nidhi Chs 37,752 ₹ 4.5 Cr -
Ram Kutir 36,205 ₹ 3.31 Cr -
View Villa 37,479 ₹ 2.41 Cr 0.1
Hubtown Harmony 42,084 ₹ 1.86 Cr 1.8
Satra Mahavir Ville 38,514 ₹ 1.25 Cr 5.5
Project Name Current Price (₹/sq.ft) Transactions Change %
Sugee Paavan 50,000 2 8.1
Shree Nidhi Chs 37,752 2 -
Shantiniketan Apartments Matunga 37,235 2 -10.7
Hubtown Harmony 42,084 1 1.8
Satra Mahavir Ville 38,514 1 5.5
View Villa 37,479 1 0.1
Ram Kutir 36,205 1 -
Indu Villa 35,956 1 -
Top Developers in Mumbai
Lodha leads in Mumbai with 106 projects and 39 years of experience.
DLF
Lodha ₹ 67.27 L - ₹ 98.70 Cr
  • 106 Projects
  • 39 Years
DLF
Kalpataru ₹ 97.29 L - ₹ 71.98 Cr
  • 83 Projects
  • 50 Years
DLF
Rustomjee ₹ 25.75 L - ₹ 62.31 Cr
  • 68 Projects
  • 23 Years
DLF
Godrej ₹ 1.07 Cr - ₹ 87.92 Cr
  • 43 Projects
  • 29 Years
DLF
JP Infra ₹ 1.08 Cr - ₹ 7.57 Cr
  • 7 Projects
  • 13 Years
DLF
Ekta World ₹ 94.87 L - ₹ 21 Cr
  • 77 Projects
  • 31 Years
DLF
Hubtown ₹ 38.9 L - ₹ 75.54 Cr
  • 55 Projects
  • 33 Years
DLF
Damji Shamji Shah Group ₹ 42 L - ₹ 7.27 Cr
  • 48 Projects
DLF
Sugee ₹ 1.15 Cr - ₹ 47.20 Cr
  • 30 Projects
DLF
Tridhaatu Realty Infra Pvt Ltd ₹ 1.30 Cr - ₹ 14.65 Cr
  • 25 Projects
View More
Top Developers by Transaction Count

Premium residential developments in Matunga East are commanding significant asking prices, reflecting their luxury positioning and prime locations. Leading the segment, Godrej Five Gardens is priced at ₹70,387 per sq ft with a 5.88% increase, setting a high-value benchmark. Rustomjee La Sonrisa follows with ₹60,321 per sq ft, showing a 2.69% rise, while Ikebana offers properties at ₹55,759 per sq ft. These top-tier developments represent the aspirational segment of the market, showcasing robust demand for high-end living spaces.

  • By Transaction
Developer Transactions
Rajasthan Construction Pvt Ltd 3
Goshar Alliance Llp 2
Sugee 2
Ojal Developers Llp 1
Hubtown 1
Alliance City Developers Realtors 1
Manilal Keshavlal Saraiya Trust 1
Satra Properties India Ltd 1
Gold Star Builders And Developers 1

Government Registration in Matunga East, Mumbai

  • Sales Transactions191
  • Gross Sales Value₹ 629 Cr
  • Registered Rate₹ 33,450/sq.ft

Official registration data reveals robust transaction activity in Matunga East from April 2025 to March 2026. The market recorded 191 transactions valued at a substantial ₹629 Cr, with the average registered rate standing at ₹33,450 per sq ft. Developer activity was notably led by Rajasthan Construction Pvt Ltd with 3 transactions, while projects like Sugee Paavan and Shree Nidhi CHS each accounted for 2 transactions, indicating strong market momentum and buyer confidence in specific developments.

Recent Registered Transactions in Matunga East

Date Floor/Unit Tower/Wing Area Value Rate/Sq.Ft.  
2026-03-02 Floor 13, Unit 1301 N/A 761 Sq.Ft. 🔒 🔒
2026-03-02 Floor 13, Unit 1302 N/A 884 Sq.Ft. 🔒 🔒
2026-02-28 Floor 10, Unit 1001 N/A 651 Sq.Ft. 🔒 🔒
2026-02-18 Floor 2, Unit 201 N/A 207 Sq.Ft. 🔒 🔒
2026-02-18 Floor 3, Unit 301 N/A 1030 Sq.Ft. 🔒 🔒
2026-01-29 Floor 1, Unit 102 N/A 805 Sq.Ft. 🔒 🔒
2026-01-29 Floor 7, Unit 701 A 922 Sq.Ft. 🔒 🔒
2026-01-22 Floor 17, Unit 1701 N/A 2004 Sq.Ft. 🔒 🔒
2026-01-16 Floor 14, Unit 1402 B 1371 Sq.Ft. 🔒 🔒
2026-01-05 Floor 14, Unit 1401 N/A 1980 Sq.Ft. 🔒 🔒
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